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International Business News


Monex buys Orix unit to form No.2 Japan online broker

Monex Group Inc, Japan's No. 3 online broker, will buy the securities unit of Orix Corp for about $246 million in stock, in a deal that will create the country's second-largest online broker.

28/10/2009 02:01 PM

Centrica windfarm deal shows new investor interest

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signalling renewed investment interest in an industry where recession has crimped financing.

28/10/2009 01:58 PM

ConocoPhillips profit down 71 percent

ConocoPhillips <COP.N> reported on Wednesday a 71 percent decline in its quarterly profit as weak demand for fuel hurt its refining business and oil prices fell from a year-ago.

28/10/2009 01:56 PM

Larry Johnson posts on twitter (QUOTES)

Larry Jonhnson, Kansas City Chief's running back, has sparked controversy for using slurs about gays on Twitter and with reporters.

28/10/2009 01:52 PM

Evercore Partners Q3 tops estimates; to hire more

U.S. merger advisory boutique Evercore Partners Inc reported a quarterly profit above analysts average estimate, helped by strong revenue from its advisory business, and increased its quarterly dividend by 25 percent.

28/10/2009 01:52 PM

General Dynamics profit tops view; boosts forecast

General Dynamics Corp <GD.N> reported a better-than-expected quarterly profit on Wednesday as strength in defense sales helped offset weakness in business jets.

28/10/2009 01:48 PM

Wall St tumbles as investors fret about rally's legs

U.S. stocks slipped on Wednesday as investors fretted about a lack of catalysts that would extend the current seven-month rally, especially after disappointing September new home sales data.

28/10/2009 01:48 PM

Blackstone in talks to cut Hilton debt: source

Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday.

28/10/2009 01:44 PM

Conoco profit falls 71 percent, but tops Street

ConocoPhillips reported a 71 percent decline in third-quarter profit on Wednesday as weak demand for fuel hurt its refining business and oil prices fell from a year earlier, but the results exceeded Wall Street estimates.

28/10/2009 01:41 PM

Google drives into navigation market

Google Inc is adding Garmin Ltd and TomTom to its growing list of rivals as the Internet search giant weaves technology for driving directions into new versions of its smartphone software.

28/10/2009 01:40 PM

Banca Transilvania 9-mo net profit at 48 mln lei

Romania's Banca Transilvania on Wednesday posted an 87.8 percent plunge in nine-month net profit.

28/10/2009 01:39 PM

Big polluters to reap benefit of climate deal

Big energy and engineering companies will reap most profit from a climate deal due in December, as they use their financial and intellectual clout to grab low carbon subsidies

28/10/2009 01:37 PM





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